Compliance Services & Audits

About Advision Consultancy

At Advision, we offer comprehensive Regulatory and Financial Crime Compliance support, designed to address your needs during:

New framework development.
Remediation projects.
Upscaling initiatives.
Resource constraints.

We also specialize in outsourced compliance services, providing a cost-effective and efficient way to manage your compliance needs while ensuring adherence to regulatory requirements.

Outsourced Compliance Services

Advision takes on the everyday responsibilities of your compliance function, offering expertise and support in:

Know Your Customer (KYC) Operations

Conducting Customer Due Diligence (CDD) for onboarding and periodic reviews of retail and corporate customers

Regulatory Reporting

Ensuring timely and accurate submissions in line with evolving regulations

Risk Assessments

Identifying, assessing, and mitigating risks across your operations

Policy and Procedure Management

Developing, updating, and implementing compliance policies tailored to your organization

By outsourcing compliance services to Advision, your organization can streamline operations, reduce costs, and focus on strategic growth, all while maintaining robust compliance standards.

Support for FinTechs, Crypto Firms, and Financial Institutions

For institutions such as FinTechs, Crypto companies, and other financial offices, we provide expertise in:

Designing Compliance Frameworks: Building robust systems that align with regulatory requirements and industry best practices.
Scalable Solutions: Tailored to your business’s size, goals, and operational needs.

By partnering with Advision, you gain a trusted advisor committed to helping your organization navigate compliance challenges while driving operational efficiency and sustainable growth.

Audit Services

In addition to SIRA, Advision provides comprehensive audits to ensure your risk management and compliance frameworks are not only effective but also aligned with regulatory requirements and industry best practices. Our audits focus on:

Compliance Audits

Ensuring adherence to regulatory standards and internal policies

Risk-Based Audits

Evaluating key areas of vulnerability and control effectiveness

Operational Audits

Enhancing processes to improve efficiency and mitigate risks

Follow-Up Audits

Assessing the implementation of recommendations from previous reviews

SIRA & Audits

For businesses seeking to better understand and manage risks while aligning with their risk appetite, Advision offers a structured and strategic Systematic Integrity Risk Assessment (SIRA) process complemented by robust audit services.

The Value of SIRA

When executed effectively, SIRA becomes a powerful strategic tool that helps organizations to:

Identify and Mitigate Integrity Risks: Assess and address risks to safeguard organizational integrity.
Monitor Risk Appetite: Evaluate the effectiveness of the organization’s defined risk appetite.
Strengthen Compliance Activities: Enhance risk management processes, ensuring robust compliance.
Optimize Monitoring and Controls: Implement risk-based first and second-line testing and control mechanisms.
Understand Risk Profiles: Gain clear insights into the organization’s overall risk landscape.

Long-Term Benefits

By integrating SIRA and audit services, organizations can achieve

Increased Efficiency

Streamlined compliance and risk management processes

Cost Reduction

Lower long-term compliance costs through proactive risk control

Proactive Risk Management

A clear and actionable path to manage integrity risks and maintain operational integrity

Advision’s combined approach to SIRA and Audits empowers organizations to take control of their risk landscape, ensuring compliance, enhancing resilience, and driving long-term success.